If you’re looking to maximise your tax refund or minimise your tax payable, there are a few key strategies that you can employ.

One effective approach is to place all of your investments under the name of the spouse with the lower income to benefit from the lower tax rates, especially the tax-free amount of $18,200.

On the other hand, if you’re looking to make charitable donations or other passive deductions, it may be more beneficial to allocate these under the name of the higher-earning spouse.

This is because the higher-earning spouse may be eligible for a return of up to 47 percent, depending on their income bracket.